AsianFin -- The world’s ten wealthiest individuals lost a staggering $172 billion over just three trading days, according to the Bloomberg Billionaires Index, as global markets were rocked by a massive sell-off triggered by President Donald Trump’s new tariff announcement.

The S&P 500 plunged 11% across Thursday, Friday, and Monday following Trump’s unveiling of sweeping tariffs, erasing hundreds of billions in equity value and hammering the net worth of the ultra-rich.

So far in 2025, the combined wealth of the top 10 billionaires—who began the year with over $2 trillion—has dropped by more than $350 billion.

Tesla and SpaceX CEO Elon Musk has been hit the hardest, shedding $135 billion and falling below the $300 billion net worth mark for the first time in five months. The only billionaire among the top 10 to post gains this year is Warren Buffett, the veteran investor and CEO of Berkshire Hathaway.